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at $400 a share. it's got more than $100 net cash even after paying taxes, so you're paying $3,000, any earnings down 25% from what's expected. he put a ten p-e on that and this is a very cheap stock unless you believe that earnings will decline every year from here on out. that's ahead of the case and we're not buying ahead of it because we like the position that we have, you know, but we think it's an exceptionally cheap stock at this level. >> it will be one of the most-watched numbers of the quarter. thanks so much. >> thank you. >> switching gears, they were grossly negligent in the lead up to the brokerage firm's collapse. kayla tausche has more on this story which she's been following from its earlier days. >> it seems like it's been forever, david. we're getting a 61-page lawsuit from the bankruptcy court in manhattan. it takes aim at john corzine and the coo and cfo breaching fiduciary duty as it entered a downward spiral in 2011. it seeks an unspecified amount in damages. trustees won approval for a liquidation plan. in a statement, trustee louis freeh says attempts at med med
would have to pay a fine and back taxes, learn english, and pass a criminal background check among other hurdles. rubio says that system would be triggered only if certain border security benchmarks are met. >> that means securing the border, universal e-verify and the universal entry-exit tracking system. if those three things are not in place that green card process won't begin even if the ten years has elapsed. >> ifill: but some republicans were skeptical including alabama senator jeff sessions. >> no, i'm not convinced. i know senator rubio's heart is exactly right. i really respect the work of the gang of eight. but they have produced a legislation that will give amnesty now, legalize everyone that is here effectively today and then there's a promise of enforcement in the future. >> ifill: white house press secretary jay carney said today the administration believes it's possible to satisfy concerns on both sides. >> these are compatible ideas enhancing border security, allowing for a clear path to citizenship that requires a number of very specific steps. so the president is very
places in europe, it's contracting. and in the united states, we have a tax code that is not designed to incent investment, which produces jobs and gdp growth, and hopefully we'll change that soon. >> international priority shipping saw a decline in what you charge per package to ship. what does that tell you about the global economy outside of the u.s.? >> well, i think what people are doing with the price of fuel, and this goes to larry fink's remarks a few moments ago, about the prospects for mexico, as it costs more to move goods, off a the price of fuel, they make price service trade downs, so our economy shipping was growing quite nicely. we simply have to adjust capacity and got a little out of phase with that. but it's not by accident that, again, referencing what larry said a couple years ago, we bought a wonderful company in mexico, which is now a big part of the fedex portfolio, because we believe there's be a lot of near shoring and the nafta trades will be quite strong. >> yeah, i am loving this mexico story. you're investing in mexico as well, really interesting. fred, l
Search Results 0 to 4 of about 5 (some duplicates have been removed)